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It's not as simple as you make out. In order to get their ether out they need to go through a complex process that takes 48 days:

https://daowiki.atlassian.net/wiki/display/DAO/Step-by-Step%...

I think a large portion of the investors would be unwilling to do this and simply sell their The DAO tokens on an exchange, thereby keeping their ethereum locked up in The DAO



I was unaware of the 48 days delay. Thanks for the link.

So, there is some risk in terms of temporarily lost liquidity, but I would still stay that comparing this to a traditional crowdfunding where investors actually lose control over their funds is nonsensical.




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